E&G Advisors LP Has $4.60 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

E&G Advisors LP reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,246 shares of the software giant's stock after selling 924 shares during the period. Microsoft makes up approximately 1.3% of E&G Advisors LP's portfolio, making the stock its 14th largest position. E&G Advisors LP's holdings in Microsoft were worth $4,597,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Newton One Investments LLC raised its stake in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after acquiring an additional 30 shares during the period. Ball & Co Wealth Management Inc. acquired a new position in Microsoft during the 4th quarter worth $31,000. LSV Asset Management acquired a new position in shares of Microsoft in the 4th quarter valued at about $44,000. IFS Advisors LLC boosted its holdings in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares during the period. Finally, Fairway Wealth LLC acquired a new position in Microsoft during the 4th quarter valued at about $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Down 0.5%

MSFT traded down $2.81 on Wednesday, reaching $524.94. 21,298,640 shares of the company traded hands, compared to its average volume of 22,431,307. The stock's 50 day moving average price is $492.99 and its 200-day moving average price is $436.40. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a market cap of $3.90 trillion, a price-to-earnings ratio of 38.49, a PEG ratio of 2.34 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. During the same period in the previous year, the firm posted $2.95 earnings per share. The firm's revenue was up 18.1% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 24.34%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president directly owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,743 shares of company stock valued at $24,921,913. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Loop Capital boosted their target price on shares of Microsoft from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Scotiabank boosted their target price on shares of Microsoft from $500.00 to $650.00 and gave the company a "sector outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, TD Securities boosted their price target on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $609.86.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.